TechNavio today launched its report Product Lifecycle Management Market in the Americas 2011-2015 based on an in-depth study focusing exclusively on the Americas. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said; ”The increasing trend of adopting Product Lifecycle Management (PLM) across other industries has given rise to industry-specific PLM solutions. This has forced PLM vendors to develop customizable PLM solutions specific to certain industries. Also, local PLM vendors are providing much higher levels of customization for PLM solutions, which are available at much lower cost. Thus, commercial PLM vendors have begun to invest in industry-specific solutions that will positively impact the growth of the PLM market in the Americas.”
According to the report, there is increased adoption of PLM in various industries such as Automotive, Aerospace and Defense, Semiconductor, and Electrical and Electronics. These discrete industries use PLM because of the various benefits it offers such as minimizing production and design cost, increasing efficiency and the productivity of product development processes, and allowing effective collaboration and communication within an organization. Moreover, the decent growth of the Automotive sector in the Americas positively impacts the adoption of PLM in this region.
Further, the report also discusses that the increasing use of open-source PLM solutions poses a threat to the adoption of commercial PLM solutions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://goo.gl/NpoUJ
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TechNavio Announces the Publication of its Report – Product Lifecycle Management Market in the Americas 2011-2015
